ICG Enterprise Trust Icg Enterprise Trust Plc: Portfolio Update, Icg Enterprise Trust Plc Committing To Gridiron Capital V
March 07 2022 - 2:00AM
UK Regulatory
TIDMICGT
ICG Enterprise Trust plc: Portfolio update, ICG Enterprise Trust
plc committing to Gridiron Capital V
ICG Enterprise Trust plc (ICGT) is pleased to announce that it
has made a $20.0m commitment to Gridiron Capital Fund V, a US-based
fund managed by Gridiron Capital (Gridiron). Gridiron focuses on
investing in middle-market branded consumer, B2B and B2C services
and niche industrial businesses.
This is ICGT's third commitment to funds managed by Gridiron,
following a $15.0m commitment to Gridiron Capital Fund III in 2016
and a $17.5m commitment to Gridiron Capital Fund IV in 2019.
Gridiron Capital Fund III and Gridiron Capital Fund IV have both
performed strongly. ICGT recently benefitted from the successful
realisation of Rough Country (previously one of ICGT's 30 largest
company exposures) and has also co-invested directly in two
Gridiron investments, AML Rightsource and Class Valuation. Both of
these investments were amongst the 30 largest company exposures for
ICGT at 31 October 2021 and represented, at that time, a combined
2.1% of the portfolio value.
Enquiries
Analyst / Investor enquiries: +44 (0) 20 3545 2000
Oliver Gardey, Head of Private Equity Fund Investments, ICG
Colm Walsh, Managing Director, ICG
Chris Hunt, Shareholder Relations, ICG
Media:
Clare Glynn, Corporate Communications, ICG +44 (0) 20 3545 1395
Website:
www.icg-enterprise.co.uk
About ICG Enterprise Trust
ICG Enterprise Trust is a leading listed private equity investor
focused on creating long-term growth by delivering consistently
strong returns through selectively investing in profitable private
companies, primarily in Europe and the US.
As a listed private equity investor, our purpose is to provide
shareholders with access to the attractive long-term returns
generated by investing in private companies, with the added benefit
of daily liquidity.
We invest in companies directly and through funds managed by
Intermediate Capital Group plc (ICG) and other leading private
equity managers who focus on creating long-term value and building
sustainable growth through active management and strategic
change.
We have a long track record of delivering strong returns through
a flexible mandate and highly selective approach that strikes the
right balance between concentration and diversification, risk and
reward.
Disclaimer
This report may contain forward looking statements. These
written materials are not an offer of securities for sale in the
United States. Securities may not be offered or sold in the United
States absent registration under the US Securities Act of 1933, as
amended, or an exemption therefrom. The issuer has not and does not
intend to register any securities under the US Securities Act of
1933, as amended, and does not intend to offer any securities to
the public in the United States. No money, securities or other
consideration from any person inside the United States is being
solicited and, if sent in response to the information contained in
these written materials, will not be accepted.
Although this investment does not amount to price sensitive
material information, ICG Enterprise Trust is making this
information public on an illustrative basis to aid with market
understanding of our portfolio. Similar announcements may be made
in respect of future non-material investments.
(END) Dow Jones Newswires
March 07, 2022 02:00 ET (07:00 GMT)
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